Goldman Sachs Correlations

Mutual Funds . USA . 
Fund . Goldman Sachs Multi Manager
GSMMX Fund  USD 11.72  0.08  0.69%   
The current 90-days correlation between Goldman Sachs Multi and Gamco Global Gold is -0.03 (i.e., Good diversification). The correlation of Goldman Sachs is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Goldman Sachs Correlation With Market

Very poor diversification

The correlation between Goldman Sachs Multi Manager and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Goldman Sachs Multi Manager and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goldman Sachs Multi Manager. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in industry.

Moving together with Goldman Mutual Fund

  0.7GCEBX Goldman Sachs CleanPairCorr
  0.75GCEDX Goldman Sachs CleanPairCorr
  0.75GCEEX Goldman Sachs CleanPairCorr
  0.75GCEGX Goldman Sachs CleanPairCorr
  0.75GCEJX Goldman Sachs CleanPairCorr
  0.75GCEPX Goldman Sachs CleanPairCorr
  0.85GCGIX Goldman Sachs LargePairCorr
  0.78GCFCX Goldman Sachs EPairCorr
  0.78GCFIX Goldman Sachs EPairCorr
  0.73GCFUX Goldman Sachs EPairCorr
  0.91GCICX Goldman Sachs InternPairCorr
  0.81GCIIX Goldman Sachs InternPairCorr
  0.91GCIRX Goldman Sachs InternPairCorr
  0.91GCISX Goldman Sachs InternPairCorr
  0.91GCITX Goldman Sachs InternPairCorr
  0.91GCIUX Goldman Sachs InternPairCorr
  0.81GCIAX Goldman Sachs InternPairCorr
  0.77GCLSX Goldman Sachs LargePairCorr
  0.7GCMDX Goldman Sachs LocalPairCorr
  0.98GCRTX Goldman Sachs AbsolutePairCorr
  0.86GCTAX Goldman Sachs TaxPairCorr
  0.95GCTCX Goldman Sachs TaxPairCorr
  0.86GCTIX Goldman Sachs TaxPairCorr
  0.91GCTMX Goldman Sachs InternPairCorr
  0.86GCTRX Goldman Sachs TaxPairCorr
  0.95GCTSX Goldman Sachs TaxPairCorr
  0.71GCSAX Goldman Sachs SmallPairCorr
  0.7GCSCX Goldman Sachs SmallPairCorr
  0.72GCSIX Goldman Sachs SmallPairCorr
  0.71GCSSX Goldman Sachs SmallPairCorr
  0.72GCSUX Goldman Sachs SmallPairCorr
  0.79GUIRX Goldman Sachs DynamicPairCorr
  0.77GCVAX Goldman Sachs LargePairCorr
  0.81GCVCX Goldman Sachs LargePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Goldman Mutual Fund performing well and Goldman Sachs Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Goldman Sachs' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

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